Accountancy, asked by SIDAKSHI8161, 1 year ago

Definition of banking as per banking regulation act 1949

Answers

Answered by Heartless3117

As per Section 5(b) of the Banking Regulation Act, 1949 , "banking" meansthe accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise

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